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3 years ago

What is true about the payments with closed-end credit?

Business

1 answer:

denis-greek [22]3 years ago

8 0

Answer:

C)They remain the same until the credit is paid off.

Explanation:

In a closed-end credit, borrower and lender agree on principal amount, interest rate and monthly payments. These features stay the same over time.

The most common types of closed-end credit are mortgages and car loans.

For example, if a person wants to buy a car on credit, they agree to pay a monthly amount, that includes both interest and principal payments, until the full amount is paid off in a specified date in the future. After the last payment, the right to ownership of the car is transferred from the borrower to the lender, closing the credit.

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Career cluster help identify the knowledge and skills needed to;

labwork [276]

C. follow a pathway toward a career goal.

Hope that helped :)

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3 years ago

Read 2 more answers

NetonBe makes sweaters, which traditionally involved the following steps: dyeing (i.e., into six different colors), knitting of

ArbitrLikvidat [17]

Answer:

NetonBe

The standard deviation in demand for each of these three generic sweaters is:

a) Approximately 600

Explanation:

a) Data and Calculations:

Different sweater color & size combinations in the end = 18

Normally distributed demand mean of size = 1,000

Total demand of sizes = 18,000

Standard deviation of each size = 100

Standard deviation = 10% of mean (100/1,000 * 100)

Standard deviation for the total sizes = 1,800 (18,000 * 10%)

Average demand of new three sizes = 6,000

Total demand for the three new sizes = 18,000 (6,000 * 3)

Therefore, the standard deviation in demand for each of these three generic sweaters will be = 600 (6,000 * 10%)

5 0

3 years ago

A news article details the destruction of a recent earthquake. Which of the following are readers of the article likely to do as

elena55 [62]

A news article details the destruction of a recent earthquake. Readers of the article likely to do as result are Overestimate their risk of earthquakes. Thus option A is correct.

<h3>What is Earthquake?</h3>

Earthquakes is referring to a kind of natural disaters which occurs due to the movement of tectonic plates. when these tectonic plates move and collapse with one another results in an earthquake.

When a news article shows destruction related to earthquakes people will most likely analyze their risk from earthquakes and evaluate whether they are safe from them or not.

Therefore, option A is appropriate.

Learn more about Earthquakes, here:

brainly.com/question/1296104

#SPJ1

7 0

2 years ago

"Between 2000 and 2008, the price of oil increased from $30 per barrel to $140 per barrel, and the price of gasoline in the Unit

KiRa [710]

Answer:

C) There was no price control on gasoline at the time.

Explanation:

During the 1970s the US government established a price ceiling on gasoline, but as all price ceilings set below the equilibrium price, it results in both a deadweight loss and a supply shortage.

Since the price is "too cheap", then the quantity demanded will be more than the quantity supplied. Rising costs in gasoline production made things worst, since suppliers were constantly reducing their supply of gasoline, while consumer demand was constantly increasing.

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3 years ago

How is a bond like a loan

Ostrovityanka [42]

Well a bond is a government loan where they take ur money and pay u back with interest usually low interest tho

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3 years ago